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Create your debt freedom plan

Family Balance Sheet

We also didn’t feel comfortable with Dave’s suggestion of a $1000 starter emergency fund, which is his step #1. The point of the starter emergency fund is to get you through until you pay off your non-mortgage debts, at which point, you build a more extensive fund. How to Build your Emergency Fund.

Debt 130
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How We Frugal-ed in June 2023

Family Balance Sheet

I also opened another Capital One 360 account for our emergency fund that was also sitting in a zero-interest savings account. Airlines Refund of $400 + $200 credit We flew to Florida in March to visit family. In total, we have made $250 in interest since April. Ask and ye shall receive!

Frugal 100
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Meet Aja. She & her husband Paid Off $110,000 in Debt

Family Balance Sheet

Kelvin came along (using airline points) and we lived it up in Vegas for 6 days and drove over to LA to see friends for a day. We are almost done with our 3-6 month emergency fund and will begin maxing out our retirement accounts. How did you celebrate when you became debt free? It was an awesome celebration.

Debt 100